Redmond startup powers all-electric first flight of a Cessna turboprop

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Redmond startup powers all-electric first flight of a Cessna turboprop

A modified Cessna Caravan turboprop that typically seats nine passengers flew Thursday for the first time powered not by a gas-powered engine, but by electricity. Two Seattle-area aviation companies were behind the airplane’s 30-minute-long, all-electric …
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Dell says COVID-19 helped sales in some sectors, stock jumps more than 7% after earnings

Dell Technologies Inc. DELL, +0.02% said that the COVID-19 pandemic has boosted its business in certain sectors Thursday and showed off financial performance well beyond expectations, sending shares more than 7% higher in late trading. The tech …
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Costco: Fiscal 3Q Earnings Snapshot

ISSAQUAH, Wash. (AP) _ Costco Wholesale Corp. (COST) on Thursday reported fiscal third-quarter net income of $838 million. On a per-share basis, the Issaquah, Washington-based company said it had net income of $1.89. The results missed Wall Street …
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Cisco acquires ThousandEyes for around $1 billion to make deeper push into software

ThousandEyes says its customers include Microsoft, Slack, PayPal and Lyft. Cisco has been snapping up cloud software companies to make up for slowing growth in its core networking business. Cisco CEO Chuck Robbins holds a conference at the Mobile …
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Ulta Beauty Turns in an Ugly Quarter

Ulta Beauty reported an unexpected loss, sending stock of the cosmetics retailer lower. After the close of regular trading, Ulta said it lost $1.39 a share from revenue of $1.17 billion in its fiscal first quarter. Analysts’ financial models had pointed to 67 cents in …
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